Atlantic Union Bankshares Corp Makes New $62,000 Investment in W.W. Grainger, Inc. $GWW

Atlantic Union Bankshares Corp bought a new stake in W.W. Grainger, Inc. (NYSE:GWW) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 60 shares of the industrial products company’s stock, valued at approximately $62,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GWW. N.E.W. Advisory Services LLC purchased a new stake in shares of W.W. Grainger in the first quarter valued at about $25,000. Hilltop National Bank acquired a new position in W.W. Grainger in the 2nd quarter valued at about $25,000. Quaker Wealth Management LLC grew its stake in shares of W.W. Grainger by 196.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 24 shares of the industrial products company’s stock valued at $25,000 after buying an additional 49 shares during the period. Brown Lisle Cummings Inc. grew its stake in shares of W.W. Grainger by 316.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company’s stock valued at $26,000 after buying an additional 19 shares during the period. Finally, Nova Wealth Management Inc. acquired a new stake in shares of W.W. Grainger during the 1st quarter worth approximately $28,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $992.86, for a total transaction of $496,430.00. Following the sale, the senior vice president directly owned 1,771 shares in the company, valued at $1,758,355.06. This represents a 22.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.10% of the stock is currently owned by insiders.

W.W. Grainger Price Performance

GWW stock opened at $950.45 on Tuesday. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $45.19 billion, a PE ratio of 24.12, a P/E/G ratio of 2.79 and a beta of 1.17. W.W. Grainger, Inc. has a 12-month low of $893.99 and a 12-month high of $1,227.66. The business’s fifty day moving average price is $972.46 and its 200 day moving average price is $1,014.40.

W.W. Grainger (NYSE:GWW) last announced its earnings results on Friday, October 31st. The industrial products company reported $10.21 EPS for the quarter, beating analysts’ consensus estimates of $9.95 by $0.26. The company had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.64 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.W.W. Grainger’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the business posted $9.87 EPS. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. On average, sell-side analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 10th will be paid a dividend of $2.26 per share. This represents a $9.04 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 10th. W.W. Grainger’s dividend payout ratio is presently 25.35%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GWW. Royal Bank Of Canada upped their price objective on W.W. Grainger from $1,006.00 to $1,050.00 and gave the company a “sector perform” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. upped their price target on W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Loop Capital lowered their price target on W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating for the company in a report on Monday, August 4th. Weiss Ratings restated a “buy (b-)” rating on shares of W.W. Grainger in a report on Thursday, October 30th. Finally, Barclays upped their target price on shares of W.W. Grainger from $963.00 to $975.00 and gave the company an “underweight” rating in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $1,061.57.

W.W. Grainger Company Profile

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.